Monday, December 13, 2021

XcelDefi (XLD) the world's first comprehensive DeFi ecosystem by developing a digital product chain


XcelDefi is an ecosystem powered by XcelLabs that aims to become the world’s first comprehensive DeFi ecosystem by developing a chain of digital products spanning multiple sectors, backed by $XLD, a community-driven token and leveraging blockchain technology to do so. XcelDefi intends to lead the charge in creating a fully decentralized economy, and the launch of $XLD is the first step in that direction. In addition, XcelDefi was designed to bring the travel, cryptocurrency, DeFi, and investment sectors together under the Xcel banner. XcelDefi is a BEP20-based digital asset, which means it was built on Binance Smart Chain, one of the world’s fastest and most secure blockchains. The ultimate goal of XcelDefi is to dismantle financial barriers and use blockchain technology to disinter mediate centralized finance models. In addition, the introduction of XcelDefi allows for equal participation in financial services regardless of ethnicity, age, or cultural identity.

Why XcelDefi?


XcelDefi aims to seamlessly integrate DeFi with other sectors, creating more use-cases and setting the standards for the next generation of DeFi products in the process. XcelDefi has the potential to be a game changer, and it could be precisely what DeFi needs to capitalize on the “DeFi boom” of the last two years.

XcelPay Wallet:

The XcelPay wallet is a decentralized wallet project that aims to make cryptocurrencies more accessible. As a utility token, users of the XcelPay wallet receive $XLD. As a result, $XLD raises awareness and makes cryptocurrency accessible to all users. Furthermore, XcelPay can be used to buy gift cards and top up mobile phones directly from your wallet.

Yield Farming:


Yield farming is a method of generating returns on XcelSwap using your cryptocurrency. It is one of the pillars of the DeFi space. Farming with XcelSwap allows you to earn rewards by supplying liquidity to various farming pools. Users will be required to provide liquidity to the XLD-ETH pair to participate in XcelSwap farming pools. The more a user deposits, the greater their share of the total rewards. Another incentive for adding funds to a liquidity pool is the distribution of a new token. For example, while purchasing large tokens is impossible, liquidity providers can accumulate these tokens by providing liquidity to a specific pool.

Governance:

A Decentralized Autonomous Organization governs XcelDefi (DAO). DAOs are smart contracts that control the organization. As a result, the platform is void of control by a central authority or an intermediary.

CONCLUSION:

The XcelDefi ecosystem is using a critical step in taking DeFi to the next level. XcelDefi bears it in mind to create a community with access to innovative digital products while also providing the best user experience. The goal of XcelDefi of integrating blockchain technology into our daily lives appears to be very realistic. If accomplished, it would open the doors of DeFi to the untapped billions still looking to cross over to this side.

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For More Information:
Username : pijayplow93
Profile : https://bitcointalk.org/index.php?action=profile;u=2750501
BSC address: 0x476366b6839e2046bE2DCf258476633cAE21195e

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